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Barbara Berlusconi, newest member of the boardroom of AC Milan and the daughter of the club owner Sylvio Berlusconi; is reportedly drawing up initial plans for the future of home ground of the club: Stadio Giuseppe Meazza. Latest report in the Italian Sports Daily La Gazzetta Dello Sport has also confirmed the news today.

The Stadio Giuseppe Meazza, more commonly known as San Siro, is an iconic stadium of world Football which is located in the San Siro locality of Milan, Italy. It is the home of both A. C. Milan and FC Internazionale Milano. This stadium is named in the honour of Giuseppe Meazza, the two-time World Cup winner who played for both Inter, and briefly for Milan, in the 1920s, 1930s and 1940s.

Construction of the this iconic arena was started in 1925 in the district of Milan named San Siro, with the new stadia originally named “Nuovo Stadio Calcistico San Siro”. Piero Pirelli; the then President of Milan first conceptualized the idea of building a new stadium. The construction of the stadium took more than 15 months to complete and inauguration was made on 19 September 1926, when 35,000 spectators saw Inter beat Milan 6–3. Initially, the ground was home and property of AC Milan. In 1947, Inter also became tenants and the two have shared both: venue and its revenue ever since. As well as being used by Milan and Inter, the Italian national team also plays its home games here and it has also been used for the 1965, 1970, and 2001 UEFA Champions League finals.

San Siro has long been the subject of development plans both for the Rossoneri and cohabitants Inter and it is reported that the former’s increasingly active board member is trying again. However, the new owner of Inter, Eric Thohir is also evaluating the options of building a brand new stadium for his club with intention of increasing the avenues of more revenue through the ownership of the stadium.

The most important reason given for the Milan director Barbara Berlusconi’s latest effort lies in the Financial Fair Play rule of UEFA. Like all other Italian teams (with only exception of Juventus), Milan do not “own” their stadium and hence miss on enormous avenues of income generation e.g. the ones enjoyed by the EPL, La Liga and Bundesliga clubs. Milan has struggled to raise enough money for the acquisition of top level talent and the new plans will help them in the longer run to earn the same.

Berlusconi met with Milan city’s deputy mayor Ada Lucia De Cesaris and Alfonso Cefalielo, a director from M-I Stadio, the company that manages San Siro, to reportedly discuss a number of themes relating to the ground, including its future.

Other aspects discussed include the stadium’s hosting of the 2016 Champions League Final and upgrades needed.